Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-08-31
STILL BOOMING.
EXCITEMENT IN REAL ESTATE
CIRCLES CONTINUES.
The Silurians Take a Back Seat
What Outsiders Say of
This Section.

street III the HelgnDornOOu Vi the leat
estate offices was throngetI with people
from early in the morning Until the office'
closed at 5 p NJ. The sales, SO far, with few
exceptions. have been confined to city
property or small tracts inst outside the
suburbs. Yesterday there vas more sys
tenn noticed in the transactions, the rea
estate agents had their property listed-s
great convenience to the purchasers. The
livery stables did an inner business
horses and buggies were lying in every
direction with individuals DESTROYS of Sc
curing options, those who wished to view
the property listed and those who were
anxious to dispose of whit they had al
what they considered fanny price.
A man who lives in the eastern portion
of the city owns block which he offered
to bond on Saturday for 5000.
RAPID Rise.
A real estate agent yesterday morning
sent man out to put up forfeit and Sc
cure the necessary papers. He found the
owner, and also found that the price had
advanced to $4,000. He dove back for in
structions. He was told to go back and
close the bargain Immediately for 81 900.
On his return, to his utter dismay, he
found that the block had doomed once
more, and was held at $1,000. Another
trip was made to the Office, and another di-
rection given to close the bargain, and the
property had advanced to $1,000. These
trips were repeated twice more, and the
owner still holds the fort, and asks $4,000.
The real estate man gave it up, but says he
thinks if he had procured fresh horse he
could have run that block up to 100000
before night.
AN OFFICIALS OPINION.
John Marley, Private Secretary to Gov
ernor Bartlett, and an ex-member of the
State Board of Equalization, has great faith
in the future of this section. During the
past four years he has travelled extensively
throughout the State, for the purpose of in
vestigating real estate values, and has come
to the conclusion that the Sacramento val
ley, and the foothill section adjacent to
Sacramento, is the best place to-day to
make an investment. In conversation with
a gentleman yesterday who came to Sacra-
mento seeking investments, Mr. Markley
said: There is no better place for you to
invest than Sacramento city. Her railroad
facilities are of the very best, and her river
communication connecting her with the
seaboard is a guarantee that she will al
ways have the cheapest fares and freights.
1t is the capital city of the State. whose
population in the near future must be 100,-
900 at least. 1t is the terminus of a division
of the Central Pacific Railroad. Here the
railroad company has invested s., 0O0, 600 in
CAR SHOPS AND RoLLING-MILLs,
Which give employment, at good wages,
to l 500 men. 1t is the point from which
all the fruit is shipped to the East. 1t is
the central point, naturally, of the finest
fruit section in the world, which repre-
sents an area nearly as large rs the whole
of New England. The fruit industry is in
its infancy; the crops now produced are
only drop In the bucket to what may be
expected in the future, and there is appa-
rently no end to the number of people
this section can support Invest your
money in Sacramento city; lay your deed
TO one side and wait for the result. The
fancy prices of to-day will be considered
veritable bargains in the future. Invest
your money in the fruit lands in this, Ell
Dorado, Placer, Nevada, Butte, Colusa
Yuba, Yolo or Amador counties, and you
will double and treble your money. This
may not come with boom, but constant
appreciation all along the line in every To-
cality everywhere will soon place it where
it properly belongs-equal in price to the
best upon the coast. The citizens of Sac
ramento know nothing about boom, and
this sudden appreciation of values cannot
be attributed to the brainy' work of any
one man of wealth. The home-seeker
must hunt out this favored locality with
out their aid.
HE MUST DEVELOP THIS SECTION HIMSELF.
He must demonstrate to these mossbacked
moneyed men. that they themselves know
nothing of their own section. They are
not acquainted with its latent resources.
They are not aware of the God-given gifts
within their reach, and the Moses who
will strike the rock and command the
life-giving water to flow must be either a
wide-awake Los Angelian or a one
lunged Yankee, who has an eye to bust
ness. The citizen of Los Angeles did not
point to the mountains in the distance, and
say there is plenty of water, but he tapped
the supply, piped and ditched it in, and
said, Gentlemen here is your water He
did not talk electric lights; he planted his
poles, strung his wires, put in his plant,
started the dynamos running. and said,
Gentlemen here is your light He did not
say this is good place for cable road,
but he built them, and said, Gentlemen,
take a ride San Diego needed something
to awaken the lethargy among her real es-
tate men, and the citizens put up $500 coo
to bring water TO her parched lands from
the mountains 80 miles distant. Where
people exhibit faith in their own section,
by their works, it is an easy matter to in
terest foreign capital. 1t would not take to
exceed 100000 to bring canal from the
American river that would irrigate the
100 600 acres of fine fruit land between the
Costumes and the American rivers. Such
an enterprise would cause such a seeking
for investments in this county, that prop.
erty would double and treble itself in
thirty days, and attain values from which
1t would be impossible to ever recede The
way to
BUILD UP SACRAMENTO CITY
Is to settle up the surrounding country tt
such an extent that it will take city twice
its size to take care of the trade, and man.
ufactures will follow as a necessity The
canal spoken of would be paying piece
of property, and, as money making
scheme, would be profitable. Your Sacra
mento people are selfish and not enterpris
| ing, and the great men of our future dc
not at this time live in our midst. Some
men--in fact, many of them-say that the
| irrigating canals are useless, for orchards
can DE grown without irrigation, claiming
] that fruit raised without it is superior in
| anu hdNOls tAdt " VI
| true, would ask them what the orchards
is to do for living during the five years
elapsing between the date of planting an6
their bearing? How is he going TO discoun
those FIVE years? Now, if the man buy:
forty acres and puts thirty in orchard anl
vineyard, he can, with water to irrigate
support his family upon the other ter
acres. He can raise corn, potatoes and ,
variety of marketable vegetables; hi
alfalfa field will support two or three cows
HE CAN LIVE HANDSOMELY,
| Pay for what he gets, care for his orchards
and vineyards and wait for them to ma
| ture. A man cannot do this upon the dr.,
plains. No man will undertake it, and no
! until some shrewd business man or com
bination of capitalists take hold of this irri
CATION problem will this most desired ent
| be accomplished. We have the soil, tn,
climate, the water but, unfortunately, th,
men to develop this country have not We
arrived. Those who are here are onl,
squatters, they talk like squatters. they &C
| like sauatters The capitalists are not pro
gressive-they will not venture, they vii
not invest 81 unless they are guaranteed
500 in return, or a pound of fiesh.'
Controller of State John P. Dunn. VIII
is ex officio member of the State Boar,
of EQUALIZATION, expresses similar opinion
to those of Mr.. Marley. He thinks tn
outlook for grand future in this section
very much superior to that of any othe